SELANGOR (Sept 28): Property developer Mah Sing Group Bhd will launch its first project in M Aruna township in Rawang, Selangor, tomorrow (Sept 29) and Sunday (Sept 30).
Dubbed Aster, the project will feature two-storey link homes measuring 20ft by 60ft, with built-up of 1,666 sq ft and priced from RM506,000 per unit. It is targeted at first-time home buyers and newly-married young families who are looking for a viable solution to their housing needs.
Mah Sing’s presence in Rawang spans 480 acres covering three townships — M Aruna, M Residence 1 and M Residence 2. The M Aruna township has a gross development value (GDV) of RM520 million.
“We knew that with our fast turnaround business model, we could meet the residential needs of the public. With the success of M Residence 1 and M Residence 2 and the ready amenities and facilities, we are confident that M Aruna will be the next success story by Mah Sing,” Mah Sing chief executive officer Datuk Ho Hon Sang said in a statement today.
Ho said M Aruna is the first pilot project by Mah Sing that adopts the industrialised building system (IBS) precast technology.
Mah Sing said the benefits of IBS include reduced usage of timber during construction and faster construction time and cleaner site.
"The quality of IBS components is also better, as they are precast and prefabricated in a controlled environment like the IBS plant. The IBS system also reduces the construction process at site and hence, lesser number of workers are needed on site," the statement added.
In conjunction with the launch of Aster, Mah Sing is offering Aster’s early bird buyers The Furnishing Assist Plan — a hassle-free service where purchasers only need to pay RM15,000 for RM60,000 worth of furnishing which include built-in wardrobe for three bedrooms, kitchen cabinet, lightings, air-conditioners in living and master bedrooms, instant water heater and smart home system.
Mah Sing shares closed 3 sen or 2.86% lower at RM1.02 today, with 1.5 million shares done, bringing a market capitalisation of RM2.48 billion.